Digital Financial News

Adani Enterprises, the flagship firm of billionaire Gautam Adani's group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman. Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL. In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore.

Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd, the company said on Saturday. Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL). It will lend to consumers and merchants based on proprietary data analytics and will eventually branch out to insurance, payments, digital broking and asset management. Every Reliance shareholder will get one share of the new firm for every share held in the parent. While the effective date of the demerger has been fixed as July 1, July 20 has been fixed as the record day for allocating shares of the new company, according to the company's stock exchange filing. The spinoff, which will create fifth-largest financier in terms of capital and compete directly with the likes of Paytm and Bajaj Finance, will complement Reliance's consumer businesses, which include India's largest wireless operator with about 428 million users, top retail chain with over 17,000 stores.

Railways Minister Ashwini Vaishnaw on Saturday said Prime Minister Narendra Modi has created employment opportunities for youth and also a framework to promote startups in the country. The Vande Bharat, airports, ports modernisation, highways, and expressways, among other projects are examples of how infrastructure would make a difference in people's life, he noted. «After graduation, you will join some stream of economic activity where infrastructure plays a very big difference.

home upkeep but they are splurging in travel. They are spending more, and on things that indicate a growing preference for premium consumption. Despite pandemic-driven setbacks in the recent past, India's private consumption has been growing stronger since 2019 and reflects an increasing tendency to spend in categories that are driven by prosperity, says a Redseer report.

₹10 each for every 1 fully paid-up equity share of ₹10 each of RIL. It said that the shareholders of the company holding equity shares in physical form are requested to send a letter to the Registrar and Transfer Agent of the Company (, Kfin Technologies) (“KfinTech") containing details like name, address, email ID, PAN, contact number, and details of Demat account among others through email, post, speed post, courier, or hand delivery to reach to the KfinTech no later than five working days before the Record Date (i.e., on or before Friday, July 14, 2023) to enable RSIL to issue the Resulting Company New Equity Share(s) in dematerialised form.

Bitcoin, the leading cryptocurrency, has been gaining momentum as it establishes a strong support level at $30,000. The recent insights from industry experts add an interesting perspective to Bitcoin's future. 

USD Coin (USDC) issuer Circle has frozen $63 million belonging to three wallet addresses associated with the hack of the cross-chain bridge platform Multichain.

A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder.

IPO listing date has been fixed on 10th July 2023 i.e. on Monday next week. As per the BSE notice, effective from Monday, July 10, 2023, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on BSE and NSE in the list of 'B' group of securities.

According to  Bloomberg,  South Africa has mandated that all crypto exchanges operating within its borders must secure licenses by the end of the year. The Financial Sector Conduct Authority (FSCA), the country's financial regulator, has already received approximately 20 applications since the licensing process was initiated a few weeks ago.

India's GDP. Despite the growth of the MSME sector, they struggle to be a part of the mainstream financial ecosystem. This is where Deep Tier Supply Chain Finance comes into play.Deep Tier Financing is a business solution that leverages business relationships within the supply chain.

C-Class Coupe and E-Class Coupe models. The dimensions of the CLE highlight its spaciousness and position it as the largest coupe in the mid-size segment according to Mercedes-Benz. It boasts a length of 4,850 mm, a width of 1,860 mm, and a height of 1,428 mm.  Notably, the CLE's wheelbase is 25 mm longer than that of the C-Class Coupe, resulting in significant improvements in rear passenger comfort.

Equity markets ended the week on a negative note, but the overall sentiments were buoyant throughout on persistent foreign inflows and optimism on the macro front. During the week, as many as 20 BSE500 stocks have delivered double digit weekly returns with six of them offering over 15% returns.Sunteck Realty was the top gainer in the BSE500 pack with nearly 19% return, followed by Punjab National Bank (17%), SJVN (16.8%), and Suzlon Energy (16.7%).

The government's classification of cryptocurrencies, NFTs, and tokens as virtual digital assets (VDAs) establishes their inclusion in the taxation framework. Therefore, any gains or income generated from these assets are subject to taxation. It is essential to navigate the crypto tax landscape to ensure compliance and accurately report your financial activities related to cryptocurrencies. How are Cryptocurrencies Taxed in India? All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH. Along with the capital gains tax, a 1% Tax Deducted at Source (TDS) fee is applied to crypto asset transfers. Any transaction exceeding Rs 50,000 in a given financial year, the TDS that is deducted will be reflected in 26 AS and the same can be claimed back when filing income tax return.How to Calculate Tax on Cryptocurrencies?

video games, films and TV shows that turned into hits. In 2019 Lego launched a new five-year transformation drive aimed at adapting to a world of direct-to-consumer sales, online versus big-box retailing, and digital play in the screen age. The timing was inspired.

Elon Musk has done the once unimaginable: He has helped revive Mark Zuckerberg’s Silicon Valley mojo. That was evident this week as tens of millions of people signed up for Zuckerberg’s alternative to Musk’s Twitter. After more than eight months of turmoil under Musk on Twitter, a certain glee erupted from those who said they were tired of the chaos and sometimes nastiness of his particular digital clubhouse.

Bitcoin (BTC), the dominant cryptocurrency, experienced a downturn as it encountered selling pressure near the $30,202 threshold. 

New Delhi: India’s score has jumped to 93.55% in 2023 from 90.32% in 2021 in the United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) latest global survey on digital and sustainable trade facilitation. “The 2023 survey, covering more than 140 economies and evaluating 60 trade facilitation measures, has positioned India at the forefront of global trade facilitation efforts, with an impressive score of 93.55% in 2023 vis a vis 90.32% in 2021," the ministry of finance said in a statement.

Financial advisors are jumping onto Threads, but the new social media app from Meta Platforms Inc. could create a new set of compliance headaches for the wealth management industry.

National Girlfriend Day serves as a beautiful reminder to honor the incredible women who enrich our lives with their love, companionship and unwavering support. Although the precise origin of this charming holiday remains somewhat elusive, its essence resonates with individuals worldwide, providing an opportunity to cherish and appreciate the special bonds shared with girlfriends. Let us delve into the origins and significance of National Girlfriend Day, a day to celebrate the beauty of love.

central bankers' central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. Around 130 countries are now exploring central bank digital currencies (CBDC) to keep up with technological change, but there are worries that the online nature of them could make them a major target for criminals and hostile states.